Tilly's Q3 net loss widens to $0.43/share; net sales down 13.8% YoY

TILLY'S, INC.

Net loss of $12.9M ($0.43/share) vs loss of $0.8M ($0.03/share) a year ago.
Total net sales $143.4M, down 13.8% YoY; comparable net sales decreased 3.4%.
Gross margin fell to 25.9% from 29.3%; operating loss of $14.1M vs $2.5M.
Q4 outlook: net sales $149-156M, comparable sales down 9-5%, net loss $0.43-0.32/share.
Ended quarter with $51.7M cash, no debt; plans to close 10 underperforming stores.

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